Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is trading within the cloud…
EUR/USD climbed back to 1.1800 on Friday
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is trading between the Kijun sen and Tenkan sen level. A decisive movement to the south will lead the currency pair to retest the previous bottom and even lower.
European Market View
The key focus this week is Fed Chair Powell's speech and US retail sales tomorrow, Fed minutes from the July meeting on Wednesday, which also brings euro area core inflation for July.
In China, growth in industrial production fell to 6.4% y/y in July, which was slower than in June and below the consensus expectation.
In the US consumer confidence measured in the survey from University of Michigan dropped sharply in August reflecting both a drop in sentiment around current conditions and the future. Consumer inflation expectations remain elevated.
In the equities space, Friday completed a week with five consecutive days of rising indices. Several indicators have started to fade which typically leads to a more challenging environment for equities. However, the small move higher on Friday secured a new all-time high in many indices not least in the US.
Asian markets are mostly lower this morning led by Japan falling almost 2%. The Delta variant keeps spreading in Japan and Chinese data this morning are on the weak side. Both European and US futures signalling a lower start to the week.
In the FX space, EUR/USD climbed back to 1.1800 on Friday after consumer confidence disappointed.
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is trading above the cloud…
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now poised to test the lower level of the cloud…
What is happening? The global energy crisis spreads around the globe…
The year started only a couple of weeks ago, but we already have a lot of fascinating movements in various trading instruments. To help you in trading, we choose several forex pairs that may surprise you and plunge greatly in a short period.
Breaking news: coronavirus won't be the number one enemy of the global economy in 2022…